Growth

With £1.1 billion of total economic impact generated by the University across the UK, every year, we are a major driver of economic growth.

Our students, staff and their visitors, our research and expenditure and the tax receipts we generate all combine to create a significant annual economic impact.

Despite the recent economic downturn, the University was able to protect employment levels and help consumer confidence in the Nottingham and East Midlands economies. One in every 24 jobs in Nottingham is reliant on some part of The University of Nottingham, making it a huge provider of employment and economic investment in the region compared to other institutions of its type.

Our economic impact in detail

The total economic impact generated by the University across the UK every year is £1.1 billion.

This figure is calculated from the University's GDP contribution (Gross value added (GVA) + Student spending impacts) plus the tax revenue. See the text version of the graphic for more information on total economic impact and GVA.

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Total economic impact

Region

GDP contribution

(GVA + student spending impacts)

Tax revenues generated

Total economic impact

(GDP contribution + tax revenue)

UK

843m

248m

1.091bn

East Midlands

781m

233m

1.012bn

Nottingham

677m

208m

884m

'Gross value added' (GVA) comprises the profits, business rates and employee compensation a company or industry creates or pays. UK GDP is a gross value added summed across all firms in the UK economy, plus net taxes and subsidies

'Total economic impact' refers to the University's 'GVA' created from its own expenditure and activities, added to both the economic benefits derived from our students' spending and the value to the economy of our visitors to these students and the University.

Nottingham in numbers

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The University’s economic impact on our city

£677m total economic impact generated by the University across Nottingham every year.

£208.3m was also generated in tax receipts, on top of our economic impact – meaning the University’s total economic activity in Nottingham City and urban area was worth £884m to the UK in 2013/14.

5% of Nottingham’s entire economy is driven by University activity.

37% of the University’s total impact in the city is made up of the off-campus spending of our students.

1 in 24jobs in Nottingham is reliant in some part on The University of Nottingham.

14,000 jobs supported in Nottingham annually by the University.

69% of our employees live in Nottingham.

£10,933 per year of extra economic benefit to the Nottingham economy is delivered every year, by every student.

£32.9m of our expenditure supported over 660 suppliers based in Nottingham.

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The University’s economic impact on our region

£781m total economic impact generated by the University across the East Midlands every year.

1% of the entire East Midlands’ GDP of £90.4bn in 2014 was supported by the University.

6th biggest employer of people living in Nottinghamshire with 7,293 members of staff working at our campuses, ahead of major companies like Boots and Experian.

7th largest ‘business’ in the city and county, the University’s turnover in 2013/14 was £571m, exceeding that of Capital One (£512m), Center Parcs (£314m), Paul Smith (£203m) and Nottingham Forest (£16.5m).

16,000 jobs supported in the East Midlands annually by the University.

£233m was also generated in tax receipts, on top of our economic impact – meaning the University’s total economic activity in Nottingham City and urban area was worth £884m to the UK in 2013/14 .

92% of our employees live in the East Midlands.

£66.6m – nearly half of our total spending on goods and services – was sources from 1,500 suppliers in the East Midlands.

The University’s economic impact on our nation

£1.1bn total economic impact generated by the University across the UK every year.

97% of University spending was with UK suppliers, out of a total of £156.5m on goods and services in 2013/14.

18,000 jobs supported in the UK annually by the University.

£106.3m per year boost provided to the UK economy through international students studying at The University of Nottingham.